Banking agencies release statement on crypto-asset safekeeping
The Federal Reserve, FDIC and OCC released a joint statement on potential risk-management considerations related to holding crypto-assets on their ...
Tag: Risk management
The ever-expanding role of chief risk officer
'A new era has emerged in which CROs faced greater nonfinancial risk amid pressure to boost the bottom line.'
Fighting fraud on the frontline
Customer inquiries and complaints are important tools for detecting scams, but structural barriers in the bank may prevent them from ...
ABA, CBA support maintaining confidentiality of CFPB nonbank risk determinations
The American Bankers Association, joined by the Consumer Bankers Association, expressed support for the Consumer Financial Protection Bureau’s proposal to ...
ABA Fraudcast: Federal data points to need for united response to fraud
Telecoms and Meta are avoiding addressing serious challenges. And it's time to set up a family password.
Harnessing fintech for digital growth at community banks
A key choice: Out-of-the-box capacity to launch immediately versus the ability to customize a platform to a bank’s needs.
Cloud services: Outsourcing the service, but not risk
Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.
Top bank risks for 2025
New and persistent bank risks’ interconnectedness elevate overall risk.
Clarity and concision in risk reports
In risk reports to the board, place the emphasis on messages, not metrics
Bank risk officers identify cybersecurity, fraud as top risks
Cybersecurity along with fraud and financial crimes are the top risks facing financial institutions in 2025, according to a recent ...
